The Swiss central bank continued to sell the Swiss franc in the second quarter. Previously, the bank said it had “increased” its willingness to interfere in the foreign exchange market to cope with the strengthening of the Swiss franc. This situation shows that during the Iran war, safe-haven funds continued to flow into Switzerland, which strengthened the Swiss franc and forced the Swiss central bank to hedge through intervention measures.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.